- Usually a 5 unit with a boiler means that all the units share the boiler heating system.Which specific utilities in which units are paid by tenants vs shared?

Seems to be decent on Airbnb with the guest house/ADU units with all the hospitals nearby.

I used to sell Salesforce to REITs across the United States and this is what I've learned:For your needs - a CRM with a power dialer and SMS capabilities - there are a few options you might consider:Podio: This is a popular choice in the real estate community, especially for wholesalers.

You may also want to look into 2-4 units as those are the easiest to finance and help you grow faster.

That said you can greatly alleviate that with good screening, and the higher price point that these types of units can demand should help filter out the deadbeats.

@Daniel Cacho I’m 35 years old, have been in the game for over a decade, own 26 doors, run a property management company with 350+ units, and operate a realty brokerage with a small team of agents.

Best of luck with your 6-unit deal and future investments!

@Albert Gallucci as many have pointed out, in the commercial space of 100+ apartment buildings and offices, property classes have some pretty decent industry standards.We started applying these to 1-4 unit properties around 10 years ago, which you can verify on our blogs, because we saw too many newbie investors not properly taking into account things like, neighborhood status, tenant pool, property condition, etc.Unfortunately, there's no industry standard for this, but you can use some basic logic to think your way through your own Classifications.

Longer Tenure in HomesData from the National Association of Realtors (NAR) shows people are staying in their homes for a decade (see graph below):This increased tenure means homeowners benefit even more from home values growing over time.

I tried to work with the tenant but they have stopped responding and refuse to pay rent anymore, I don't even know who lives in the unit anymore.